All Forum Posts by: Rick Albert

That is essentially what it would be.  I would fence off a section of it and create a grassy area for the tenant.  It doesn't cost much and should increase the desirability (and hopefully rents).

We would rent it out while we are living there.  However I think we could get about $1400/month for it and I doubt someone will pay that in addition to the market value rent of the main house.

Interesting thought.  That was kind of my hunch.  I could also discount the rent a little bit to compensate.  The numbers still pencil out.

Thanks!

Thanks!  That's good to know.

Hello Everyone!

I currently live in Los Angeles and considering the following scenario:

• Buying a single family home with a detached garage across from an elementary school
• Currently a 3 bed/1 bath but would add another bathroom
• I would hedge the front of the house for added privacy
• I would say it is a grade C neighborhood of Los Angeles
• Convert the garage to an Accessory Dwelling Unit (ADU)
• Live in the main house but will eventually move and rent out the main house
• School is mediocre, 5/10 from GreatSchools.org

My thought by being across from an elementary school is that I may come across long term tenants because the kids would go there from K-5th grade. However not sure if there are major impacts on rental values. Also if there are any impacts knowing I will have another tenant in the ADU.

Any thoughts would be appreciated.

Thank you!